Mexican Media Brands
Mitsubishi Rules Out New Capital Alliances
12/19/2013Mitsubishi Motors Corp. will seek shareholder approval on Dec. 26 to shed preferred shares the other Mitsubishi group companies acquired nearly a decade ago to help save the company, The Nikkei reports.
Audi to Boost Spending 54% to Catch BMW
12/19/2013Volkswagen AG's Audi unit plans to hike spending on products and facilities to an average €4 billion per year through 2018 from €2.6 billion in the past two years, according to Reuters.
Former DaimlerChrysler Exec to Head JLR’s America Unit
12/18/2013Jaguar Land Rover has appointed Joe Eberhardt president of its North American operations, effective immediately.
Toyota Prius Named America’s Best-Value Car
12/18/2013When it comes to value for the money, the Toyota Prius hybrid sedan is the best car available in the U.S. market, according to Consumer Reports.
Federal Reserve to Ease Stimulus Efforts
12/18/2013Federal Reserve Chair Janet Yellen has indicated the central bank might begin raising interest rates "on the order of six months" after it winds down its current bond-buying program.
GM Begins Shipping Cadillac Extended-Range EV to Dealers
12/18/2013General Motors Co. says its factory in Hamtramck, Mich., has begin shipping Cadillac's new ELR extended-range electric coupe to U.S. dealers.
Chevrolet’s U.S. Marketing Chief Quits
12/18/2013Chris Perry, who took over as head of marketing for General Motors Co.'s Chevrolet brand in 2010, has resigned.
JLR Names Former DaimlerChrysler Exec to Head N. American Unit
12/18/2013Jaguar Land Rover has appointed Joe Eberhardt president of its North American operations, effective immediately.
Ford Expects Lower Pretax Profits Next Year
12/18/2013Ford Motor Co. says the cost of introducing 23 new or revised models worldwide in 2014 more than twice this year's count will trim its pretax profit to $7 billion-$8 billion from an expected $8.5 billion for 2013.
Bertone Design Looks for a Buyer
12/18/2013Italian design house Bertone is near collapse and may be sold to a Turkish buyer for about €2 million, according to media reports.